What is the primary function of the Federal Trade Commission?

The primary function of the Federal Trade Commission (FTC) is to regulate the consumer credit system and protect consumers from unfair or deceptive practices in the marketplace. Established in 1914, the FTC aims to prevent anticompetitive business practices and ensure that consumers are informed about their choices in the marketplace. By overseeing various economic activities, including advertising, marketing, and consumer credit, the FTC plays a crucial role in maintaining a fair and competitive marketplace.

The other options, while related to consumer affairs and education, do not accurately reflect the FTC's main responsibilities. Providing scholarships and managing federal student loans pertain more to the education sector, and promoting academic integrity is typically associated with educational institutions rather than a federal regulatory body. Thus, the selection of regulating the consumer credit system correctly aligns with the FTC's established mission and activities.